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Contact info

• 352-293-2685 [Office] 

Description

22 Unit apartment house set up as 4 individual buildings. 10) two bedrooms 12) one bedrooms units. This property needs some curb apeal and an owner operator. The current owner is over 2 hours from the site. 17 of the 22 units are rented. 14% cap is based on proforma. Actual cap with the current vacancy 9.2%. Offered for $20,454.00 per door or $25.99 per Sf. The buildings were built in 1970 and renovated in 2005. 26 parking spaces. Each unit has it's own untilities. Additional upside not added to the income projections: 1. There is one additional apartment (not added) becoming available bringing the total units to 23. 2. There is a laundry room which could be taken over by the new owner. (Currently an outside vendor) 3. There are storage units at the end of each apartment not currently being offered for rent to the tenants. Building price details: $450,000.

Property Details

• Type: Multifamily
• Use Types:Low-Rise/Garden
• Status: Available
• Year Built: 1970
• Year Renovated: 2005
• MSA: Lakeland-Winter Haven
• Zoning: Multi family
• Buildings: 4
• ConstructionBlock

Exterior Features

• Parking: Yes
• Parking Spaces: 26
• Parking Type: Surface

Terms

• Cash to Seller 

Map Locations